A leading Republican regulator, SEC Commissioner Michael Piwowar, said in a speech to Cato recently that the goal of the Securities and Exchange Commission should not be to "promote investor confidence," but instead to "promote investor skepticism." This is pretty remarkable, and it's a scary example of a radically libertarian philosophy that could cause our financial system to melt down in a big way.
The 2010 Dodd-Frank law directs the SEC to require public companies to disclose the "pay ratio" between their CEO and median employees. It still hasn't happened.
Are We the People the boss of the corporations, or are the corporations the boss of We the People?
From this Thursday's The Daily Show, guest host John Oliver took Wall Street and the SEC to task for allowing one after the other of these big banks to avoid any real criminal or civil liability for crashing the global economy.
The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.
Fabrice Tourre, a former trader at Goldman Sachs, was found liable on six of seven charges and faces a fine or a ban from Wall Street.
All In's Chris Hayes sat down with Rolling Stone's Matt Taibbi to discuss his new article on the ratings agencies that helped trigger the financial meltdown -- and surprise, surprise, nothing's been done to fix the problem.
Chiquita sues to block the release of documents related to payments the company made to terrorist groups in Colombia to protect its banana-growing interests.
Las Vegas Sands' filing with the Securities and Exchange Commission on a possible violation of anti-bribery law leaves unanswered the most fundamental questions about its conduct in Asia.
Rolling Stone's Matt Taibbi talked with Eliot Spitzer last night about Eric Holder's decision not to prosecute Goldman Sachs for the offenses laid out in the Levin report. Taibbi had this to say afterwards: "But that's exactly who
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